📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    The ratio of the cost price to the marked price of an

    article is 3:4 and the ratio of the profit percentage to the discount percentage is 4:3. Find the profit percentage.
    A 16.66% Correct Answer Incorrect Answer
    B 12.5% Correct Answer Incorrect Answer
    C 33.33% Correct Answer Incorrect Answer
    D 50% Correct Answer Incorrect Answer

    Solution

    CP:MP = 3x:4x Profit = MP – CP = 4x – 3x = x Profit% : Discount% = 4:3 Let CP = 300 and SP = (x + 3x = 4x) = 400 According to question, => (4x/100) × 300 + (3x/100) × 400 => 12x + 12x = 24x => 24x ----100 => x = 4.166% Profit % = 4 × 4.166% = 16.66%

    Practice Next
    More Profit and loss Questions

    Relevant for Exams:

    ask-question